Adele Acquires SFR In Beverly Hills Park, Secures $37.7M Loan From City National Bank
$37,700,000
$1,795/SF
Building Size
21,000 SF
Asset Type
Single Family Residence
Closing
Aug 3, 2022
AI
Adele has secured a loan for an impressive single-family residence (SFR) located in Beverly Hills Park. This stunning property spans a generous 21,000 square feet, offering ample space for luxurious living. The loan transaction took place on August 3, 2022, with City National Bank serving as the lender.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Loan Amount: $37,700,000
- Market: Beverly Hills Park
- Address: Not specified
- Image: Adele
- Date: 08/03/2022
In this deal, Adele acted as the landlord and successfully secured the loan through City National Bank. The transaction was facilitated by Rick Hilton, representing Hilton & Hyland. Adele's new property stands as a testament to her commitment to investing in exquisite real estate.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93